Bookkeepers vs Accountants

A lot of people think bookkeepers and accountants complete the same tasks, however that is not the case.

A bookkeeper records your day-to-day transactions including sales, expenses and payroll. They make sure all your data is entered so that they can produce accurate financial reports for your business usually on a monthly basis. They will keep you organized and will prepare your company for an audit. They are also a great source of advice for business owners as they usually know your business in and out.

Accountants use the reports created by a bookkeeper to create annual financial statements for your company and to file your yearly tax return. They can also provide high level tax planning services.

It is a good idea to have both a bookkeeper and accountant on your team as they support your business in different ways.

Laura Dempster
Owner, Senior Bookkeeper
Ruby Business Solutions

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